Interim Financing 504 Eligibility
Some small business clients purchase assets, such as land, prior to beginning construction or before permanent financing can be completed. Any loan that is short-term in nature (maturity of less than 3 years) is considered an interim note and can be included as part of the SBA 504 project costs. This includes interim financing from private lenders and contracts for deed.
Long Term Debt Refinancing through 504
Watch for changes coming soon to the SBA 504 Refinance Program of long term commercial debt!